GRAPHICS (0449.114.057): financials and annual accounts

GRAPHICS

Antwerp ·KBO/BCE: BE 0449.114.057

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	2.3m	3.5m	3.6m	3.7m	3.5m	3.2m	2.7m	2.3m	1.5m	808,149	558,211	699,334	659,305	574,785	512,263	374,131	432,382	427,670	257,988	229,343
Formation expenses`20`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Fixed assets`21/28`	1.8m	1.7m	1.7m	1.6m	1.5m	1.3m	1.1m	925,395	652,965	508,292	268,921	302,033	161,320	191,142	111,506	124,926	145,045	111,743	110,734	104,053
Intangible fixed assets`21`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	1.8m	1.7m	1.7m	1.6m	1.5m	1.3m	1.1m	924,219	651,789	507,116	267,745	300,857	160,143	189,966	110,329	123,749	143,869	110,567	109,558	102,877
Land and buildings`22`	67,288	70,737	74,186	77,796	81,921	86,047	91,035	76,646	83,505	70,782	77,455	83,452	89,450	95,447	74,045	78,673	83,300	87,928	92,555	97,182
Plant, machinery and equipment`23`	1.2m	1.1m	1.0m	933,077	800,912	604,611	496,980	351,891	147,457	13,568	4,743	4,990	7,634	8,283	6,514	2,621	4,300	6,594	6,857	5,309
Furniture and vehicles`24`	561,377	565,664	569,859	573,712	592,721	610,199	511,670	495,682	420,827	422,765	185,548	212,415	63,060	86,235	29,770	42,455	56,269	16,045	10,146	385
Other tangible fixed assets`26`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176	1,176
Current assets`29/58`	524,882	1.7m	1.9m	2.1m	2.0m	1.9m	1.6m	1.4m	799,938	299,857	289,290	397,301	497,985	383,643	400,758	249,206	287,337	315,927	147,253	125,290
Amounts receivable after more than one year`29`	142,246	944,451	954,451	969,015	965,292	969,095	898,746	802,079	172,971	147,573	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	0	510,175	510,175	510,175	510,175	510,175	0	0	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	142,246	944,451	954,451	458,841	455,118	458,921	388,571	291,904	172,971	147,573	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	0	0	0	27,138	-	17,491	-	-	9,971	-	-	14,187	7,555
Stocks`30/36`	-	-	-	-	-	-	-	0	0	0	27,138	-	17,491	-	-	9,971	-	-	14,187	7,555
Contracts in progress`37`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	711	287,330	504,411	490,821	447,940	344,520	366,914	387,553	549,732	32,232	157,903	345,803	409,912	315,288	332,367	231,126	218,784	143,434	98,595	92,800
Trade receivables`40`	0	1,065	281,036	389,730	310,719	296,103	363,569	387,553	549,500	32,000	6,477	46,067	71,477	58,947	135,947	14,946	17,337	8,019	8,019	16,489
Other amounts receivable`41`	711	286,265	223,375	101,091	137,221	48,417	3,345	0	232	232	151,426	299,737	338,436	256,341	196,420	216,180	201,447	135,414	90,576	76,311
Current investments`50/53`	282,053	275,006	246,722	227,182	249,515	226,527	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	85,745	46,312	113,331	380,527	226,396	239,555	338,065	199,290	67,921	114,940	22,735	30,618	52,042	50,416	57,980	8,109	68,552	172,493	31,812	24,935
Deferred charges and accrued income`490/1`	14,126	167,066	124,397	71,965	106,605	76,536	38,922	18,094	9,315	5,112	81,514	20,879	18,540	17,940	10,411	-	-	-	2,659	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.3m	3.5m	3.6m	3.7m	3.5m	3.2m	2.7m	2.3m	1.5m	808,149	558,211	699,334	659,305	574,785	512,263	374,131	432,382	427,670	257,988	229,343
Equity`10/15`	2.1m	2.0m	3.0m	3.2m	3.1m	2.7m	2.2m	1.6m	1.1m	569,880	474,967	519,531	505,154	424,855	400,790	283,038	312,987	289,061	124,257	91,562
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	-	0	0	0	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
Contributions outside capital`11`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Revaluation surpluses`12`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Reserves`13`	1.9m	1.8m	2.8m	2.8m	2.7m	2.2m	1.7m	1.2m	601,034	107,283	12,369	12,369	12,369	12,369	12,369	12,369	12,369	12,369	12,369	12,369
Non-distributable reserves`130/1`	-	-	0	1,859	1,859	1,859	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	1.9m	1.8m	2.8m	2.8m	2.7m	2.2m	1.7m	1.2m	599,175	105,424	10,510	10,510	10,510	10,510	10,510	10,510	10,510	10,510	10,510	10,510
Profit (loss) carried forward`14`	184,384	184,384	184,384	444,006	444,006	444,006	444,006	444,006	444,006	444,006	444,006	488,569	486,587	406,288	382,223	264,471	294,421	270,494	105,690	72,996
Investment grants`15`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Advance to shareholders on the distribution of net assets`19`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	0	-	-	-	11,378	11,378	11,378	11,378	11,378	11,378	11,378	11,378	11,378
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	0	0	0	-	11,378	11,378	11,378	11,378	11,378	11,378	11,378	11,378	11,378
Pensions and similar obligations`160`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Taxes`161`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Environmental obligations`163`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	205,868	1.4m	633,922	479,484	341,363	476,457	587,335	716,531	389,272	238,269	83,244	168,425	142,773	138,552	100,095	79,715	108,017	127,231	122,352	126,402
Amounts payable after more than one year`17`	-	0	18,684	50,338	96,225	142,888	150,174	62,207	-	-	-	23,808	45,258	-	-	-	5,915	17,268	28,039	38,250
Financial debts`170/4`	-	0	18,684	50,338	96,225	142,888	150,174	62,207	-	-	-	23,808	45,258	-	-	-	5,915	17,268	28,039	38,250
Trade debts`175`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	156,807	1.4m	596,216	411,288	211,249	322,099	437,161	654,324	389,272	221,721	83,244	144,617	97,515	132,981	94,523	66,645	89,031	96,893	83,539	82,582
Current portion of amounts payable after more than one year`42`	0	18,684	31,654	45,887	46,663	89,245	186,455	15,631	0	1,853	23,808	21,450	20,956	-	-	5,915	11,330	10,771	10,219	9,697
Financial debts`43`	-	0	40,341	40,190	100,196	100,196	73,477	80,270	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	0	40,341	40,190	100,196	100,196	73,477	80,270	0	0	-	-	-	-	-	-	-	-	-	-
Other loans`439`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	89,634	320,459	524,221	283,958	16,462	1,734	11,590	91,779	33,616	896	-	52,116	-	73,545	12,796	-	13,743	2,933	-	0
Suppliers`440/4`	89,634	320,459	524,221	283,958	16,462	1,734	11,590	91,779	33,616	896	-	52,116	-	73,545	12,796	-	13,743	2,933	-	0
Bills of exchange payable`441`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	0	0	0	-	59,436	59,436	59,436	59,436	59,436	59,436	59,436	59,436	59,436
Taxes, remuneration and social security`45`	3,743	59,713	0	41,253	47,928	130,924	165,639	466,644	355,656	197,972	-	11,614	17,122	-	22,291	1,294	4,522	23,753	3,884	13,449
Taxes`450/3`	3,743	59,713	0	41,253	47,928	130,924	165,639	466,644	355,656	197,972	-	11,614	17,122	-	22,291	1,294	4,522	23,753	3,884	13,449
Remuneration and social security`454/9`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	63,430	993,699	-	-	-	-	-	0	0	21,000	59,436	-	-	-	-	-	-	-	10,000	-
Accrued charges and deferred income`492/3`	49,061	51,593	19,022	17,859	33,889	11,470	-	0	0	16,548	-	-	-	5,571	5,572	13,071	13,071	13,071	10,775	5,571
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	0	500	-	0	0	188,302	11,378	-	5,571	-	-	-	-	-	-	-
Gross operating margin`9900`	89,600	49,140	-293,143	335,295	672,787	782,003	879,918	913,386	867,949	301,664	-28,952	91,931	115,758	90,527	133,657	46,984	34,090	216,303	64,179	44,560
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,836	11,832	11,534	29,689	28,473	26,918	28,420	27,614	9,341	16,358	37,290	61,443	38,738	38,202	21,011	20,659	22,591	11,544	8,519	6,690
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	4,539	6,108	3,141	12,978	10,763	6,522	24,764	29,124	18,409	92,260	5,409	3,648	4,127	4,300	4,553	2,985	4,235	3,929	4,056	3,322
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	0	0	5,019	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	75,226	31,199	-307,818	292,628	633,551	748,563	826,734	856,648	840,199	188,027	-71,651	26,840	72,893	48,025	108,094	23,341	7,264	200,829	51,604	34,548
Financial income`75/76B`	46,478	48,118	50,960	29,513	37,391	36,487	30,686	13,134	5,191	10,265	16,847	28,224	25,141	20,514	16,788	17,704	18,064	13,470	8,053	5,491
Recurring financial income`75`	46,478	48,118	50,960	29,513	37,391	36,487	30,686	13,134	5,191	10,265	16,847	28,224	25,141	20,514	16,788	17,704	18,064	13,470	8,053	5,491
Non-recurring financial income`76B`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	579	1,089	2,819	2,543	4,708	6,597	7,684	3,744	4,019	5,691	1,138	6,896	1,912	2,009	214	2,491	1,402	1,974	2,930	3,351
Recurring financial charges`65`	579	1,089	2,819	2,543	4,708	6,597	7,684	3,744	4,019	5,691	1,138	6,896	1,912	2,009	214	2,491	1,402	1,974	2,930	3,351
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	121,125	78,228	-259,678	319,599	666,233	778,454	849,736	866,039	841,371	192,601	-44,564	48,168	101,692	66,529	124,667	38,553	23,926	212,326	56,726	36,688
Income taxes`67/77`	24,148	7,590	-56	110,015	216,928	252,817	309,444	313,790	347,619	97,688	-	46,186	21,393	42,464	6,915	68,503	-	17,521	14,032	17,417
Profit (loss) for the period`9904`	96,977	70,638	-259,622	209,584	449,306	525,637	540,292	552,248	493,751	94,914	-44,564	1,982	80,299	24,065	117,752	-29,950	23,926	194,804	42,695	19,271
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	96,977	70,638	-259,622	209,584	449,306	525,637	540,292	552,248	493,751	94,914	-44,564	1,982	80,299	24,065	117,752	-29,950	23,926	194,804	42,695	19,271
Appropriation of the result
Profit (loss) to be appropriated`9906`	281,360	255,022	184,384	653,590	893,311	969,643	984,298	996,254	937,757	538,919	444,006	488,569	486,587	406,288	382,223	264,471	294,421	300,494	115,690	72,996
Profit (loss) brought forward from the previous period`14P`	184,384	184,384	444,006	444,006	444,006	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	0	1.0m	0	94,914	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	96,977	70,638	0	209,584	449,306	525,637	540,292	552,248	493,751	94,914	-	-	-	-	-	-	-	-	-	-
Addition to contributions`691`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	96,977	70,638	0	209,584	449,306	525,637	540,292	552,248	493,751	94,914	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	0	1.0m	0	94,914	-	-	-	0	-	-	-	-	-	-	-	-	-	30,000	10,000	-
Return on contributions (dividend)`694`	0	1.0m	0	94,914	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	30,000	10,000	-
Employees`696`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	0	0	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-08-2026	2026-00460611	PDF
31-12-2024	micro format	31-07-2025	2025-00348678	PDF
31-12-2023	abbreviated format	12-11-2024	2024-00601488	PDF
31-12-2022	abbreviated format	31-08-2023	2023-00391546	PDF
31-12-2021	abbreviated format	30-09-2022	2022-20441441	PDF
31-12-2020	abbreviated format	30-09-2021	2021-71300120	PDF
31-12-2019	abbreviated format	24-09-2020	2020-55000540	PDF
31-12-2018	micro format	08-07-2019	2019-29400586	PDF
31-12-2017	abbreviated format	27-07-2018	2018-38300464	PDF
31-12-2016	abbreviated format	29-09-2017	2017-63600515	PDF
31-12-2015	abbreviated format	08-08-2016	2016-40600557	PDF
31-12-2014	abbreviated format	20-08-2015	2015-44200047	PDF
31-12-2013	abbreviated format	28-07-2014	2014-35200028	PDF
31-12-2012	abbreviated format	22-08-2013	2013-44700011	PDF
31-12-2011	abbreviated format	29-08-2012	2012-47600313	PDF
31-12-2010	abbreviated format	14-09-2011	2011-54400255	PDF
31-12-2009	abbreviated format	17-08-2010	2010-41800376	PDF
31-12-2008	abbreviated format	25-08-2009	2009-61300241	PDF
31-12-2007	abbreviated format	25-08-2008	2008-59600398	PDF
31-12-2006	abbreviated format	27-08-2007	2007-59500165	PDF
31-12-2005	abbreviated format	15-09-2006	2006-78402995	PDF
31-12-2004	abbreviated format	23-09-2005	2005-70304493	PDF
31-12-2003	abbreviated format	24-09-2004	2004-66505300	PDF
31-12-2002	abbreviated format	15-09-2003	2003-66700447	PDF
31-12-2001	abbreviated format	27-11-2002	2002-73801080	PDF
31-12-2000	abbreviated format	24-12-2001	2001-78003979	PDF
31-12-1999	abbreviated format	29-09-2000	2000-60101597	PDF
31-12-1998	abbreviated format	03-10-2000	2000-61002284	PDF
31-12-1997	abbreviated format	03-10-2000	2000-61002297	PDF
31-12-1996	abbreviated format	05-12-1997	1997-55701193	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	85,061	43,032	-296,284	322,317	662,024	775,481	855,154	884,262	849,539	204,385	-34,361	88,283	111,631	86,227	129,105	43,999	29,855	212,373	60,123	41,238
Cash flow	106,812	82,470	-248,088	239,273	477,779	552,555	568,713	579,862	503,092	111,272	-7,274	63,425	119,037	62,267	138,763	-9,291	46,517	206,348	51,214	25,960
Investment in fixed assets	63,815	69,844	102,548	138,719	203,171	228,090	203,886	300,044	154,014	138,578	4,178	202,157	8,916	117,838	7,591	539	55,893	12,553	15,201	1,730
Change in cash	39,433	-67,019	-267,196	154,131	-13,158	-98,510	138,775	131,369	-47,019	92,205	-7,883	-21,423	1,626	-7,564	49,871	-60,444	-103,941	140,681	6,877	-
Working capital	368,075	327,610	1.3m	1.7m	1.8m	1.5m	1.2m	752,691	410,666	78,136	206,045	252,684	400,471	250,662	306,235	182,561	198,305	219,034	63,714	42,708
Solvency	91.1%	58.2%	82.5%	87.1%	90.2%	84.9%	78.6%	69.3%	73.2%	70.5%	85.1%	74.3%	76.6%	73.9%	78.2%	75.7%	72.4%	67.6%	48.2%	39.9%
Current ratio	3.35	1.24	3.26	5.20	9.45	5.76	3.76	2.15	2.05	1.35	3.48	2.75	5.11	2.88	4.24	3.74	3.23	3.26	1.76	1.52
Quick ratio	3.35	1.24	3.26	5.20	9.45	5.76	3.76	2.15	2.05	1.35	3.15	2.75	4.93	2.88	4.24	3.59	3.23	3.26	1.59	1.43
Debt to equity	0.10	0.72	0.21	0.15	0.11	0.18	0.27	0.44	0.37	0.42	0.18	0.32	0.28	0.33	0.25	0.28	0.35	0.44	0.98	1.38
ROE	4.6%	3.5%	-8.7%	6.5%	14.3%	19.6%	25.1%	34.2%	46.4%	16.7%	-9.4%	0.4%	15.9%	5.7%	29.4%	-10.6%	7.6%	67.4%	34.4%	21.0%
ROA	4.2%	2.0%	-7.2%	5.6%	12.9%	16.6%	19.7%	23.7%	34.0%	11.7%	-8.0%	0.3%	12.2%	4.2%	23.0%	-8.0%	5.5%	45.6%	16.5%	8.4%
Interest coverage	over 100	39.50	-105.09	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	€50,338	-	€112,249
Mortgages, amount registered	-	€25,000	€25,000	€25,000	€25,000
Mortgage mandates	€0	€470,000	€470,000	€470,000	€470,000
Carrying value of the mortgaged assets	-	€70,737	€74,186	€77,796	€81,921

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€63,815	€69,844	€102,548	€138,719	€203,171
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€9,836	€11,832	€11,534	€29,689	€28,473

GRAPHICS

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency91.1%

Current ratio3.35

Return on assets4.2%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on GRAPHICS

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